North Carolina General Statutes 31D-4-403.1. Necessity for actual notice of release or limitation to bind fiduciary
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No fiduciary having possession or control of property over which a power of appointment is exercisable shall be bound or affected by any release or limitation of such power without actual notice thereof. ?(1943, c. 665, s. 4; 2017-102, s. 13(c).)
Terms Used In North Carolina General Statutes 31D-4-403.1
- Fiduciary: A trustee, executor, or administrator.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3